Egyptian PM sets price for unsubsidised bread
Published: 04:03 PM,Mar 21,2022 | EDITED : 08:03 PM,Mar 21,2022
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Egypt has set a fixed price for unsubsidised bread in an effort to counter rising food prices after Russia’s war on Ukraine closed off access to lower-priced Black Sea wheat.
Prime Minister Moustafa Madbouly set the price of commercially sold bread at $0.66 per kg, his office said.
Food prices had been rising in Egypt even before Russia’s attack on Ukraine, but now bread - a politically symbolic staple on which many Egyptians are heavily dependent - is becoming more expensive as Black Sea wheat exports are disrupted.
The price of unsubsidised bread has jumped by as much as 25 per cent. — Reuters
Prime Minister Moustafa Madbouly set the price of commercially sold bread at $0.66 per kg, his office said.
Food prices had been rising in Egypt even before Russia’s attack on Ukraine, but now bread - a politically symbolic staple on which many Egyptians are heavily dependent - is becoming more expensive as Black Sea wheat exports are disrupted.
The price of unsubsidised bread has jumped by as much as 25 per cent. — Reuters